Crocs Inc (CROX)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 180,485 | 149,288 | 191,629 | 213,197 | 135,802 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 740,208 | 698,296 | 641,274 | 388,243 | 291,584 |
| Cash ratio | 0.24 | 0.21 | 0.30 | 0.55 | 0.47 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($180,485K
+ $—K)
÷ $740,208K
= 0.24
Crocs Inc's cash ratio has fluctuated over the years. The cash ratio, which measures a company's ability to cover its short-term liabilities with its cash and cash equivalents, was 0.47 as of December 31, 2020. It increased to 0.55 by December 31, 2021, indicating an improvement in the company's liquidity position. However, the ratio decreased to 0.30 by December 31, 2022, raising concerns about the company's ability to meet its short-term obligations with its available cash. This trend continued with a further decrease to 0.21 by December 31, 2023, reflecting a potential liquidity strain. By December 31, 2024, the cash ratio increased slightly to 0.24, but it remains below the levels seen in previous years. Overall, the trend in Crocs Inc's cash ratio suggests fluctuations in its liquidity position, indicating varying levels of ability to cover short-term liabilities with cash and cash equivalents.
Peer comparison
Dec 31, 2024